License 58: Block 2113A

 

 

License 58, Block 2113A.

 

  • Nabirm’s petroleum exploration license (PEL 58), Block 2113A, offshore Erongo Province, Namibia covers 5,750 km2, with 3,600 km2 located offshore and 2,150 km2 located onshore.
  • PEL 58 is located inboard of Pancontinental‟s PEL 37 Block and adjacent to EcoAtlantic‟s CBM Blocks 2013B, 2014B & 2114.
  • On the 20th March 2015, Nabirm concluded a 2D seismic survey which included the acquisition of gravity and magnetics data.
  • The 2D acquisition project scope consisted of a FIRM 684 full fold km of 2D marine seismic acquisition including renewed gravity and magnetics.  The survey consist of 24 lines including 5 strike lines (oriented parallel to the Namibia coast) and 19 dip lines (oriented perpendicular to the Namibia coast).
  • In November 2015, an interpretative study was completed with the integration of regional data identifying key depositional features (reflection types, continuity, terminations, downlap, top lap, onlap), structural features (highs, lows, faults and fault stylesincludingnormal,reverse,strike-slip)and anomalous reflection packages.
  • Six leads with total Pmean unrisked recoverable resources of over 520 MMBO were mapped. Stratigraphic lead 5  is the largest and of principal interest, with a Pmean of around 230 MMBO.
  • Lead 6 is slightly smaller and exceeds 200 MMBO.

In 2014, Pancontinental Oil & Gas, in partnership with Tullow Oil Plc  mapped an “Oil Mature Fairway” through EL 0037 and the HRT Wingat-1 well area. Critically, using existing seismic data, good reservoir rocks were interpreted in channels and turbidites within and close to the ‘Oil Mature Fairway’ in PEL 37 which is adjacent to PEL 58.

DeGolyer and MacNaughton (“D&M”) prepared this assessment of licence area PEL 37 offshore Namibia in accordance with the Petroleum Resources Management System (PRMS) approved by the Society of Petroleum Engineers, the World Petroleum Council, the American Association of Petroleum Geologists, and the Society of Petroleum Evaluation Engineers. D&M’s resource estimates recognize large stratigraphic leads in potential clastic turbidite targets. These targets appear to be in the oil window. These potential accumulations are categorized as “leads” based on the available seismic and geologic data. The potential accumulations are not yet classified as “prospects” that are available for drilling. D&M’s Mean Estimate for the total 11 Leads is 8.7 Billion Barrels of Gross Prospective (recoverable) Oil Resources.

The interpretation of our data; the established oil kitchen in the Walvis Basin confirming light 40 API degrees gravity oil; the oil shows onshore on Eco Atlantic’s Daniel Block which prompted the drilling of the Toscanini Well; and the slicks evident in the region from the Fugro Oil Slick study that was completed for Eco Atlantic, all indicate that exploration in blocks adjacent to PEL 58 identify an oil mature fairway. Hydrocarbons generated within this fairway would be migrating eastward and ‘up-dip’ into Block 2113A.